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Bank of India Gears Up for Rs 4,000 Crore QIP Launch as Shares Open Higher

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The issue price for the QIP is expected to be set at a discount to the Securities and Exchange Board of India (SEBI) floor price

• 05 December, 2023
• 1:32 PM
• less than a minute

AMFI Market Cap Classification Expectations: For January - June 2024 period

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Analysts of IIFL Securities have also assessed current positioning of potential reclassification candidates across the different market capitalisation oriented schemes vis-à-vis the weights in the key benchmarks.

• 05 December, 2023
• 10:22 AM
• less than a minute

RateGain Travel Tech: Stronger balance sheet provides optionality

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RATE continues to aspire to double revenues over FY24-27. Analysts of IIFL Securities 12-month TP of Rs740 is based on 2YF P/E of 35x

• 04 December, 2023
• 11:52 AM
• less than a minute

2Ws impress but 4Ws weaken in Indian automobiles sector: IIFL Securities

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MHCV industry declined 1% YoY, a big negative surprise after the average 20% growth in recent months.

• 04 December, 2023
• 11:10 AM
• less than a minute

State elections 2023 verdict: BJP emerges as the silent Tsunami

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Analysts of IIFL Securities build-in ~12% EPS Cagr for Nifty over FY24-26 and expect it to outperform other major indices over the next year.

• 04 December, 2023
• 11:02 AM
• less than a minute

Internet: Focus on profitability over market-share gains

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While Zomato seems to have greater focus on profitability, analysts of IIFL Securities believe Swiggy would follow the same strategy in the near term given their IPO ambitions.

• 01 December, 2023
• 10:11 AM
• less than a minute

Banking & Finance: Strong retail growth, but should slow down; incremental spreads improve in O...

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Analysts of IIFL Securities believe that festive demand in Nov and a seasonally strong Q4 should keep growth momentum healthy.

• 01 December, 2023
• 10:10 AM
• less than a minute

Residential properties owned by PC Jewellers Ltd promoters are taken over by SBI

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Banks recalled their loans when PCJ disclosed in an October 2018 stock exchange statement that it had defaulted on Rs 3,466 crore in this regard. SBI then filed a complaint with the Debt Recovery Appellate Tribunal.

• 30 November, 2023
• 12:22 PM
• less than a minute

NSE Imposes Trading Ban on Hindustan Copper and Manappuram Finance Stocks Due to MWPL Breach

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The ban was enforced due to these securities surpassing 95 % of the market-wide position limit (MWPL) set by the NSE

• 30 November, 2023
• 12:05 PM
• less than a minute

Capital Goods companies on track growth, optimism prevails: IIFL Securities

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73% of analysts of IIFL Securities coverage reported beat in earnings led by ABB/KKC/TMX, with mix and operating leverage spinning the earnings upgrade.

• 30 November, 2023
• 11:07 AM
• less than a minute